WSP Global (TSE:WSP) Sets New 52-Week High at $229.25

WSP Global Inc. (TSE:WSPGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$229.25 and last traded at C$228.45, with a volume of 59217 shares trading hands. The stock had previously closed at C$225.46.

Analysts Set New Price Targets

A number of research firms have weighed in on WSP. Veritas Investment Research restated a “buy” rating on shares of WSP Global in a research note on Friday, March 1st. BMO Capital Markets lifted their target price on WSP Global from C$215.00 to C$244.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Scotiabank lifted their target price on WSP Global from C$233.00 to C$239.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. ATB Capital lifted their target price on WSP Global from C$210.00 to C$220.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus lifted their target price on WSP Global from C$210.00 to C$245.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, WSP Global has a consensus rating of “Buy” and a consensus target price of C$236.75.

View Our Latest Stock Report on WSP Global

WSP Global Price Performance

The stock has a fifty day simple moving average of C$206.96 and a two-hundred day simple moving average of C$194.49. The company has a market cap of C$28.48 billion, a PE ratio of 51.36, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 67.33.

WSP Global (TSE:WSPGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.91 by C$0.08. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. The company had revenue of C$3.72 billion during the quarter, compared to the consensus estimate of C$2.81 billion. On average, equities analysts predict that WSP Global Inc. will post 7.9713274 EPS for the current fiscal year.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.66%. WSP Global’s payout ratio is 34.17%.

WSP Global Company Profile

(Get Free Report)

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.

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